Aurora Investment Managers LLC. Has $9.60 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Aurora Investment Managers LLC. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,182 shares of the iPhone maker’s stock after selling 713 shares during the quarter. Apple makes up 5.8% of Aurora Investment Managers LLC.’s holdings, making the stock its 3rd biggest position. Aurora Investment Managers LLC.’s holdings in Apple were worth $9,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in shares of Apple by 15.7% in the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 150,505 shares of the iPhone maker’s stock valued at $25,809,000 after acquiring an additional 20,430 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Apple by 1.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 89,259 shares of the iPhone maker’s stock worth $15,306,000 after acquiring an additional 1,139 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Apple by 30.4% in the first quarter. Jupiter Asset Management Ltd. now owns 2,297,008 shares of the iPhone maker’s stock worth $393,891,000 after purchasing an additional 535,917 shares during the last quarter. Finally, Magnolia Wealth Management LLC increased its stake in Apple by 255.2% in the 1st quarter. Magnolia Wealth Management LLC now owns 16,387 shares of the iPhone maker’s stock valued at $2,798,000 after buying an additional 11,774 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Moffett Nathanson cut their price objective on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Barclays lowered their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $247.77 on Wednesday. The stock has a market capitalization of $3.75 trillion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.38 and a beta of 1.23. The stock has a 50-day moving average of $230.80 and a 200 day moving average of $222.26. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $248.21.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Apple’s dividend payout ratio is presently 16.45%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.